Report: Kontiki CDN Sold to MK Capital
May 1st, 2008 By: Rich Miller
VeriSign (VRSN) will sell its Kontiki content delivery network to MK Capital, according to Ryan Lawler at Contentinople, who said VeriSign is selling for less than the $62 million it spent to acquire Kontiki two years ago. MK Capital is one of the venture capital companies that provided initial funding to Kontiki before it was acquired, and was also a backer of Bladelogic, which was recently acquired by BMC.
VeriSign began seeking a buyer for Kontiki in December as part of a broader corporate restructuring. The changes at VeriSign began last May, when long-time CEO Stratton Sclavos resigned and was replaced by board member William Roper, who commenced a broad review of the company’s operations. Kontiki is a peer-to-peer CDN that was purchased by VeriSign in 2006 and was a key part of VeriSign’s Intelligent CDN, a hybrid content delivery service combining traditional edge-based caching with P2P capabilities.